XML 80 R65.htm IDEA: XBRL DOCUMENT v3.25.1

RELATED PARTY TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2024

Related party transactions [abstract]

Outstanding Balance and Transactions with Related Parties

The following table provided the total amount of outstanding balance at December 31, 2024 and 2023.

						As of December 31,
						2024						2023
						US$’000						US$’000
Amounts due from related parties
The ultimate parent company			PEWC			54						107
			PEWC, Singapore Branch			21						14
			PEWC (HK)			—						130
			PACIFIC UNION CO., LTD.			—						13
			Sumi-Pac Construction Company, LTD.			14						—
Associate			SPHC			171						171
Non-controlling shareholder of subsidiary			Italian-Thai and its affiliates			347						933
						607						1,368
Amounts due to related parties
The ultimate parent company			PEWC			7,888						5,849
			PEWC Singapore Co. (Pte) Ltd.			400						400
			PEWC (HK)			—						1
			Sumi-Pac Construction Company, LTD.			—						299
			PACIFIC UNION CO., LTD.			—						17
			Pacific Holdings Group			49						—
			Italian-Thai and its affiliates			4						—
Associate			SPHC			1,362						1,362
Others						12						13
						9,715						7,941

The transactions undertaken with related parties are summarized as follows:

												For the year ended December 31,
												2024						2023						2022
												US$’000						US$’000						US$’000
The ultimate parent company
PEWC						Purchases						23,807						23,093						24,914
						Sales						9						14						—
						Construction income received						2,320						1,006						3
						Management fee received						5						29						10
						Management fee paid						179						205						172
						Information technology service fee paid						101						132						120
						Interest expenses paid						3						—						—
						Rental fee paid						101						104						18
						Vehicle sale proceeds received						—						18						—
						Materials purchased for interior office redecorating						—						—						8
						Other employee benefits-Others						5						—						—
Sumi-Pac Construction Company, LTD.						Construction income received						67						—						—
						Rental fee received						20						26						—
						Service fee received						68						31						—
						Purchases						—						280						—
Pacific Charity Foundation						Rental fee received						6						9						—
						Donation						4						—						—
PACIFIC UNION CO., LTD.						Construction income received						6						11						—
Chung-Tai Technology Development Engineering Corporation						Rental fee received						15						11						—
						Miscellaneous purchases						11						—						—
						Service fee received						1						1						—
PEWC (HK)						Sales						12						7,437						18,309
						Service fee paid						—						67						156
Non-controlling shareholder of subsidiary
Italian Thai and its affiliates						Sales						5,734						5,230						8,772
						Loss allowance						—						4,565						—

												For the year ended December 31,
												2024						2023						2022
												US$’000						US$’000						US$’000
Pacific Holdings Group						Service fee paid						196						—						—
Others						Fabrication cost						173						150						277
						Vehicle sale proceeds received						—						25						—

Compensation of Key Management Personnel

			For the years ended December, 31
			2024						2023						2022
			US$’000						US$’000						US$’000
Short-term employee benefits			2,020						1,898						1,953
Post-employment benefits			185						88						48
Total compensation paid to key management personnel			2,205						1,986						2,001

X

- Definition

The disclosure of information about key management personnel. [Refer: Key management personnel of entity or parent [member]]

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name IAS
-Number 1
-IssueDate 2024-01-01
-Paragraph 10
-Subparagraph e
-URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_10_e&doctype=Standard
-URIDate 2024-03-27

+ Details

Name:	ifrs-full_DisclosureOfInformationAboutKeyManagementPersonnelExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	dtr-2022:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of transactions between the entity and its related parties. [Refer: Total for all related parties [member]]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IAS
-Number 24
-IssueDate 2024-01-01
-Paragraph 18
-URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=24&code=ifrs-tx-2024-en-r&anchor=para_18&doctype=Standard
-URIDate 2024-03-27

+ Details

Name:	ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	dtr-2022:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	ifrs-full_RelatedPartyTransactionsAbstract
Namespace Prefix:	ifrs-full_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration